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RE: Investing 101: An Easy Way to Spot When a Market (Crypto or Stocks) Is Overextended
When a market is extremely extended from it's 200 day MA, I am not looking to aggressively enter positions. Staying nimble at those times is prudent.
That's a good way to use it! In my checkered experience, it's better to use TA as cautionaries instead of crystal balls.
That's right! It's all about putting probabilities in our favor. Not picking exact tops and bottoms.